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While there is no universal federal cap on how many mortgage discount points you can buy, most lenders typically limit borrowers to purchasing between .
A "point" is equal to 1% of your total loan amount. For example, if you have a $300,000 mortgage, one point costs $3,000. Each point generally reduces your interest rate by about for the life of the loan. Typical Limits by Loan Type how many points can you buy down on a mortgage
Lender policies vary based on market conditions and specific loan programs. While there is no universal federal cap on